ETH/USD C91304 Ethereum USDC circulation and seven-day change = -394264609.48950195
Crypto majors2026-09-13 04:08
{"latest":{"date":1789257600,"circulating":{"peggedUSD":46995301656.5105},"minted":{"peggedUSD":50481568381.99131},"unreleased":{"peggedUSD":60830178.746941},"bridgedTo":{"peggedUSD":884025.79431345,"bridges":{"wormhole":{"Solana":{"amount":332571.133969},"BSC":{"amount":66811.74722945},"Polygon":{"amount":484642.913115}}}}},"net7":-394264609.48950195} USD-pegged token units; Sep13 snapshot. Not proof of token buying or identified transfers.
https://stablecoins.llama.fi/stablecoin/2
USDT/USD C91304 current-vintage dated supply levels and net changes = 183538325610.0384
Crypto majors2026-09-13 04:08
{"0":183538325610.0384,"7":183380072603,"30":183125703998,"date":1789257600,"net7":158253007.0383911,"net30":412621612.0383911} On-chain aggregator, not issuer cash audit; dates are observations, publication timestamps unknown.
https://stablecoins.llama.fi/stablecoin/1
USDC/USD C91304 current-vintage dated supply levels and net changes = 74418078352.04755
Crypto majors2026-09-13 04:08
{"0":74418078352.04755,"7":74721149874,"30":72125254565,"date":1789257600,"net7":-303071521.9524536,"net30":2292823787.0475464} On-chain aggregator, not issuer cash audit; dates are observations, publication timestamps unknown.
https://stablecoins.llama.fi/stablecoin/2
USDC/USD C91304 issuer circulation and gross flows Sep10 = 74060000000
Crypto majors2026-09-13 04:08
{"usdc-in-circulation":74.06,"usdc-issued-7":6.66,"usdc-redeemed-7":6.91,"usdc-issued-30":38.06,"usdc-redeemed-30":36.04,"usdc-issued-365":334.68,"usdc-redeemed-365":332.88} Issuer primary; measured Sep13 04UTC; report date Sep10. Units in source billions USD; 7/30/365-day periods. Net flows computed by subtraction.
https://www.circle.com/transparency
TEN R91304 independent broker tanker supply counterevidence = 96.4
Supply chain2026-09-13 04:07
Aug10 broker original through endJuly2026, fullbody retrieved via sources fetchText after web403:96.4mDWTorderedYTD,197VLCC/103Suezmax; widerorderbook>31%tradingfleet, LR1 13.6%,handy17.6%,chemical12.4%. Capacityterms47.5%fleet>15yrs/~21%>20yrs;2.16mDWTremovedYTD. Broker intermediates market, commercially interested in transactions; independent company fromTEN but upstream database overlap unknown. TEN19.9%slide measures ship-count >25kDWT, laterAugust; 31%capacity-weighted/contextnot explicitly same denominator. Do not call contradiction resolved solely by date or average both.
https://ifchorgalbraiths.com/research-insight/focus-on-tanker-fleet-august-2026/
TEN R91304 management Q&A profit-sharing and capital priorities = 71
Supply chain2026-09-13 04:07
Sep10 call via MotleyFool/Yahoo transcript, retrieved full using sources fetchText after web429; event participant words through transcription intermediary, audio not independently checked. CFO H1profitshare71m,Q2 30.5m,priorH1~10m,FY2025 46m;13ships incl7Suezmax+2VLCC. CEO wants higher normal November dividend, optional~120mEredemption,19remainingnewbuilds; chairman says possible specialized-fleet minority carveout notnear-term priority. Do not assign firm Novday or spin-off catalyst. Management estimates newbuild market value30%higher than3.1bnprogram; unverified appraisal and inconsistent with rhetoric about doubling.
https://finance.yahoo.com/energy/articles/tsakos-energy-navigation-ten-q2-002827393.html
SFIX Correction to27214: remove unmeasured percentage fragment = 8.6
Convex events2026-09-13 04:07
Supersedes the stray '32.81869%liquidcash?' fragment in27214: it is invalid and must not be used. Supported arithmetic only: Q3buybacks15.1m minusQ3FCF6.5m=8.6m; averagebuybackprice15.1m/4.5mshares=3.355556. ReverifiedJune10issuer reportingQ3endedMay2; no newcash percentage adopted.
https://investors.stitchfix.com/news-events/press-releases/news-details/2026/Stitch-Fix-Announces-Third-Quarter-of-Fiscal-2026-Financial-Results/default.aspx
SFIX R91304 corrected technical and current cash facts = 2.95
SFIX R91304 feasible-region full seven-row table = 7
Convex events2026-09-13 04:06
[{"S":2.5,"intrinsic":0,"coverage_ceiling":0.179211,"normal_ceiling":0.179211,"conviction_ceiling":0.179211,"mean_payout":0.248959,"premium_for_3x_mean":0.082986,"premium_for_3x_allin":0.032986},{"S":2.6,"intrinsic":0.1,"coverage_ceiling":0.28838,"normal_ceiling":0.255297,"conviction_ceiling":0.28838,"mean_payout":0.302764,"premium_for_3x_mean":0.100921,"premium_for_3x_allin":0.050921},{"S":2.7,"intrinsic":0.2,"coverage_ceiling":0.397548,"normal_ceiling":0.255297,"conviction_ceiling":0.397548,"mean_payout":0.367805,"premium_for_3x_mean":0.122602,"premium_for_3x_allin":0.072602},{"S":2.75,"intrinsic":0.25,"coverage_ceiling":0.452132,"normal_ceiling":0.255297,"conviction_ceiling":0.425495,"mean_payout":0.402394,"premium_for_3x_mean":0.134131,"premium_for_3x_allin":0.084131},{"S":2.8,"intrinsic":0.3,"coverage_ceiling":0.506716,"normal_ceiling":0.255297,"conviction_ceiling":0.425495,"mean_payout":0.437463,"premium_for_3x_mean":0.145821,"premium_for_3x_allin":0.095821},{"S":2.9,"intrinsic":0.4,"coverage_ceiling":0.615885,"normal_ceiling":0.255297,"conviction_ceiling":0.425495,"mean_payout":0.515586,"premium_for_3x_mean":0.171862,"premium_for_3x_allin":0.121862},{"S":2.95,"intrinsic":0.45,"coverage_ceiling":0.670469,"normal_ceiling":0.255297,"conviction_ceiling":0.425495,"mean_payout":0.554648,"premium_for_3x_mean":0.184883,"premium_for_3x_allin":0.134883}] Hypothetical spots, not quotes. Coverage ceiling=S*1.091684434968-2.5-.05. Intrinsic lower bound=max(S-2.5,0). Dollar caps normal25.5297/conviction42.5495. 3xcolumns intrinsic expectation only.
https://runway.adityaperswal.workers.dev/data/stock-bars ; research/study.py
SFIX R91304 whole-call Monte Carlo and residual-volatility sensitivity = 20000
Convex events2026-09-13 04:06
{"MC":{"cash_quantiles":[6.0187473903966975,47.120000000000005,482.8286003513964],"loss_pct":80.73,"median_dd_pct":60.5995402313897,"mean_tickets":7.2077},"residual":[{"assumed_IV":0.4,"mean_payout":0.5774667727096784,"target_hits":0,"max_payout":1.7642810081675706},{"assumed_IV":0.8,"mean_payout":0.6232849852584095,"target_hits":0,"max_payout":1.76490589984728},{"assumed_IV":1.2,"mean_payout":0.6877210379879761,"target_hits":0,"max_payout":1.7773388462326714},{"assumed_IV":2,"mean_payout":0.8499027730372287,"target_hits":0,"max_payout":1.8741898433561668}],"target_hurdle":52.542372881355924} Historical stock moves mapped to hypothetical option intrinsic; not executable option P&L. MC IID20opportunities/start102.12/stop buying below55. Residual BlackScholes assumes22days,4%rate,no dividends,40/80/120/200%IV, not fitted IV or actual forecast. All measurements retrieved/computedSep13.
https://runway.adityaperswal.workers.dev/data/stock-bars ; option_contracts SFIX ; research/study.py seed91304
SFIX R91304 call payoff bootstrap and Kelly = 0.008451238947222573
Convex events2026-09-13 04:06
{"call_mean_intrinsic":0.5546481814209724,"net_R":{"N":10,"mean":0.008451238947222573,"win_pct":40},"train":{"N":8,"mean":-0.03985508346587324,"win_pct":37.5},"known_holdout":{"N":2,"mean":0.20167652859960583,"win_pct":50},"drop_largest":{"N":9,"mean":-0.23470283946575632,"win_pct":33.33333333333333},"bootstrap":[-0.6001803992473624,0.7105249001842948],"bootstrap_positive":49.21,"halfKelly_fraction":0.0037798801879280687,"halfKelly_dollars":3.216640241124907} Historical stock moves mapped to hypothetical option intrinsic; not executable option P&L. MC IID20opportunities/start102.12/stop buying below55. Residual BlackScholes assumes22days,4%rate,no dividends,40/80/120/200%IV, not fitted IV or actual forecast. All measurements retrieved/computedSep13.
https://runway.adityaperswal.workers.dev/data/stock-bars ; option_contracts SFIX ; research/study.py seed91304
Revised full-cap allocation and conservative delayed-exit stress envelope = 75.79365595323338
Core trend fractional2026-09-13 04:06
{"lots":[{"symbol":"QQQ","size":104.34,"stop":699.14315,"target":830.4731316245595,"p90_pct":16.16958533244174,"normal_loss":2.296865108829453,"target_gain":16.871345335869712,"stress_rate":0.23897398692852778,"stress_loss":24.93454579612259,"risk_max_notional":106.83045601794059,"RR":7.3453792610693736},{"symbol":"IWM","size":93.5,"stop":282.74895,"target":325.93680479074,"p90_pct":12.823844643545982,"normal_loss":1.987566807435353,"target_gain":11.990294741715493,"stress_rate":0.27178389341642895,"stress_loss":25.411794034436106,"risk_max_notional":93.93382249066259,"RR":6.032649919922496},{"symbol":"EFA","size":91.5,"stop":104.93826,"target":116.97551184268325,"p90_pct":9.630282889112697,"normal_loss":1.5107704779756304,"target_gain":8.811708843538117,"stress_rate":0.27811274451010587,"stress_loss":25.447316122674685,"risk_max_notional":91.79622474680342,"RR":5.832592688298649}],"envelope_joint":75.79365595323338,"envelope_equity_pct":8.906527215740887,"target_gain":37.67334892112332,"normal_loss":5.7952023942404365,"cap":289.34000000000003,"note":"Sum of per-asset worst execution proxies: conservative envelope, not a single synchronous executable print; each uses maximum of opening gap,09:45 open,and first15-minute low across41crisis sessions. All double adverse move plus50bp after initial2ATR stop."}; measured2026-09-13. Counterfactual stress at current entry geometry; novel gaps/longer halts can exceed it.
https://runway.adityaperswal.workers.dev/data/stock-bars
TEN R91304 Fleet scrapping challenge = 44
Supply chain2026-09-13 04:05
September10 slide14 relaysClarkson August:44ships scrappedJan-Aug2026,53FY2025. Slide13 expects2889ships over15years to depart in next3years against1140orderbook; age is not contracted scrapping. Source is issuer relay of vendor, not independent direct fleet database.
https://www.tenn.gr/wp-content/uploads/2026/09/TEN_Q2_2026.pdf
TEN R91304 Spot EPS sensitivity = 0.11
Supply chain2026-09-13 04:05
September10 issuer slide7:1000USD/day spot increase adds.11annualEPS based current spot vessels andJune30commonshares. Management sensitivity, not paid cash/whole-fleet rate beta.
https://www.tenn.gr/wp-content/uploads/2026/09/TEN_Q2_2026.pdf
TEN R91304 As-of-September8 fleet exposure = 37
Supply chain2026-09-13 04:05
September10 presentation p5:23/62 vessels spot+profitshare37%;52/62 secured TC+TCprofitshare84%. Overlap13profitshare,implied10spot,39fixed; not 121% contradictory. H1 operating-day mix is different period/denominator.
https://www.tenn.gr/wp-content/uploads/2026/09/TEN_Q2_2026.pdf
TEN R91304 Year-end contracted yard installments = 1968.298
Supply chain2026-09-13 04:05
April6 20-F Note12 asDec31,2025:437.258m2026,632.763m2027,898.277m2028. First LNG Feb25 contract254.4m is additional; July secondLNG further changes scope. Do not subtract H1 aggregate net investing to infer current remaining obligations.
https://www.sec.gov/Archives/edgar/data/1166663/000119312526144027/d49235d20f.htm
TEN R91304 March2026 preferred liquidation claims = 287.32735
Supply chain2026-09-13 04:05
April6 annual asMar30 E4745947 and F6747147 shares x25USD =287.32735m; E118.648675m/F168.678675m. Annual E9.25%,F9.5%, E issuer expects9.25% continuation under LIBOR fallback; redeemable May28,2027 optional, not debt maturity.
https://www.sec.gov/Archives/edgar/data/1166663/000119312526144027/d49235d20f.htm
TEN R91304 FY2025 customer concentration corrected rounded disclosure = 41
Supply chain2026-09-13 04:05
April6 20-F Note1 customer A17%,B12%,C12% =41% rounded. Prior40.65% cannot be reproduced in full current filing; replace precision with displayed41% pending original exact calculation. Customers anonymized, do not map A to named company from ranking alone.
https://www.sec.gov/Archives/edgar/data/1166663/000119312526144027/d49235d20f.htm
TEN R91304 H1 common earnings adjusted for sale gains = 175.664
Supply chain2026-09-13 04:05
June30 H1 common earnings213.534m minus37.870m vessel gain =175.664m approximate ex-gain common income; weighted shares29.972103m; preferred13.5m already deducted. Sale gain allocation to restricted holders not separately adjusted, hence approximation.
https://www.globenewswire.com/news-release/2026/09/10/3359616/0/en/ten-ltd-reports-profits-for-the-first-half-and-second-quarter-of-2026.html
TEN R91304 H1 balance-sheet claims = 2102.177
Supply chain2026-09-13 04:05
June30 debt plus other financial liabilities net of financing costs2102.177m versus bank-only ~1966m; cash466.143m,equity2054.657m,net vessels3155.282m,construction advances470.050m. Includes NCI and preferred equity; equity/share alone overstates common residual.
https://www.globenewswire.com/news-release/2026/09/10/3359616/0/en/ten-ltd-reports-profits-for-the-first-half-and-second-quarter-of-2026.html
TEN R91304 H1 cash bridge = 168.014
Supply chain2026-09-13 04:05
2026-09-10 issuer for H1 ended June30: OCF281.167m, investing -248.312m, financing135.159m => cash increase168.014m. OCF+investing32.855m includes vessel sales, not maintenance FCF; financing accounts80.445% of net cash increase.
https://www.globenewswire.com/news-release/2026/09/10/3359616/0/en/ten-ltd-reports-profits-for-the-first-half-and-second-quarter-of-2026.html
EEM Sponsor valuation and composition relevant to target regime stability = 42.99
Core trend2026-09-13 04:05
RetrievedSep13 ~04:03UTC from fund sponsor,not independent return forecast. Sep10 IT42.99%,Taiwan27.90%,Korea21.69%,China19.58%,PE19.93,PB2.76,1186holdings. Sep11close67.84,NAV67.95,discount-.16%,median30dspread.01%; prospectus expense.72%annual. Sponsor explains foreign valuation/vendor pricing and FX clocks differ; current composition is not historic composition.
https://www.ishares.com/us/products/239637/ishares-msci-emerging-markets-etf
Issuer primary; page published March16 2023, period Monday March13 through US banking close March15: 3.8bn USDC redeemed minus .8bn minted => net supply -3bn. Clearing operational backlogs and changing bank partners affects timing; net redemption is not by itself observed BTC selling.
https://www.circle.com/blog/march-15-update-on-usdc-operations